Single Family Rental

[Jordan Gerkin]

Hi, looking to invest into a single family home to rent out. Is it common for a bank to say that they need 35% down and the longest loan length they have is 20 year variable interest rate? From what I understand, that seems to be more on the commercial side of things. They were telling me that since it’s going to be for a rental and used as a business, that’s the type of financing available. This happens to be the main bank I use and I do have a commercial loan through them, and they are local, so I was hoping they would be more easy to work with. Should I go and check other banks?

[Zach Lemaster]

@David Robinson

Thank you for the mention!

@Jordan Gerkin

I received your message.  We look forward to connecting with you.

We've helped many investors just like yourself build a successful rental portfolio across numerous cash flow markets. It's all a numbers game, and the most successful investors invest in the markets where they get the best returns!

https://www.biggerpockets.com/users/ZacharyCole/references